Handy Renko Chart
- Yardımcı programlar
- Sürüm: 1.30
This indicator creates a Renko-based custom symbol in MetaTrader 5.
Renko charts are built using price movement only, not time, making them useful for analyzing trends and filtering noise.
Features
-
Customizable brick size in points.
-
Option to calculate brick size using ATR (adaptive).
-
Ability to show or hide wicks.
-
Creates and updates a custom Renko chart symbol.
-
Automatically opens the chart window (optional).
-
Maintains a limited bar history for performance.
Inputs
-
BrickSizePoints – brick size in points.
-
UseATR, ATRPeriod, ATRMultiplier – ATR-based brick calculation.
-
UseWicks – enable/disable wick display.
-
OfflinePrefix – prefix for the generated Renko symbol.
-
OpenOfflineChart – open chart window automatically.
-
MaxBarsToKeep – maximum bars to store in history.
Usage
-
Open an M1 chart of the symbol you want to convert.
-
Attach the indicator to the chart.
-
A new symbol will appear in Market Watch (e.g. RENKO_EURUSD_100 ).
-
Open the Renko chart (it can also open automatically).
-
Apply any indicators or Expert Advisors to the Renko chart for further analysis.
Notes
-
This tool only generates charts.
-
It does not open, close, or manage trades.
-
Intended for chart analysis or as a base for strategy development.
